Business and Industry

Revised historical data for Manufacturers' Shipments, Inventories, and Orders were issued on May 14, 2015. These revisions reflect benchmarking the shipments and inventories data to the 2012 Economic Census and 2013 Annual Survey of Manufactures (ASM) data on a 2012 NAICS basis, as well as revised ASM benchmarks for prior years on a 2007 NAICS basis; incorporating the unfilled orders to shipments ratios obtained from the 2013/2012 and 2012/2011 Manufacturers' Unfilled Orders Survey by applying these ratios to the respective Census or ASM shipments data, as well as incorporating revised unfilled orders to shipments ratios for prior years; adjusting the new orders data to be consistent with the benchmarked shipments and unfilled orders data; correcting monthly data for late receipts, reclassifications of reported data, and revisions to previously reported data; and updating the seasonally adjusted data based on the results of benchmarking and the recent annual review of the seasonal adjustment models. These revisions spanned the seasonally adjusted data for January 1997 through March 2015 and the data not seasonally adjusted for January 2001 through March 2015. An updated Press Release contains revised monthly tables for January 2015 through March 2015 on a 2012 North American Industry Classification System (NAICS) basis, which will be the new basis for publishing data from the M3 Survey starting with the April 2015 Advance Report on Durable Goods.

For the Manufacturers' Shipments, Inventories, and Orders Survey, all current month estimates are preliminary estimates and will be superseded in following months by revised estimates.

For information on survey methodology and use of the data, including seasonal adjustment and other information pertinent to this economic indicator, go to the Manufacturers' Shipments, Inventories, and Orders website, which provides a link to historical data.

The Y-axis for the line charts may be truncated to prevent flattening of the lines or to present the complete range of data.